Seoul and Hanoi consider cooperating on technology transfer and mineral exploitation | Economy

Seoul (VNA) – The Republic of Korea is keen to collaborate with Vietnam in high-quality human resource training, technology transfer, the Minister of Commerce, Industry and Energy said Tuesday (August 2) in Seoul. Lee Chang-yang.

Vietnamese Minister of Industry and Commerce Nguyen Hông Diên (right) and South Korean Minister of Commerce, Industry and Energy Lee Chang-yang in Seoul on August 2. Photo: VNA

It also wants to cooperate with Vietnam in the exploitation and processing of minerals, he continued during his meeting with Vietnamese Minister of Industry and Trade Nguyên Hông Diên.

The two ministers agreed that cooperation between the two sides should be based on the basis of mutual benefits towards a balance in bilateral trade turnover as soon as possible.

They agreed that bilateral cooperation should not only strengthen in trade and industry but also extend to human resource training and technology transfer.

Minister Nguyên Hông Diên reviewed the fulfillment of the tasks agreed upon by the two sides at the 11th meeting of the Vietnam-ROK Joint Committee on Energy, Industrial and Trade Cooperation, stressing the determination to achieve the goal of 100 billion dollars in trade by the end of 2023 set by their leaders.

He suggested that relevant South Korean ministries and bodies create favorable conditions for Vietnamese products, especially agricultural products, to enter the South Korean market and help Vietnam carry out trade promotion activities to gain access to major South Korean distribution channels such as Lotte Mart, E-Mart and Home Plus.

The official also proposed that the ROK continue to support the Vietnamese Ministry of Industry and Commerce to organize human resources training programs in the fields of commerce, trade remedy, distribution in the future. and logistics.

He said the Vietnamese government, ministries and agencies always support foreign companies, including those from the ROK, to invest in Vietnam.

Vietnam’s prime minister and government officials have met with South Korean companies in the country twice in the past year, he said, adding that 25 out of 29 proposals from South Korean companies had been resolved.

The two ministers agreed to co-chair the 12th meeting of the Vietnam-ROK joint committee on energy, industrial and trade cooperation and the 6th meeting of the joint committee for the implementation of the bilateral free trade agreement at the end of this year in Vietnam, to promote the achievement of the goal of 100 billion dollars in trade by 2023. – VNA


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